Edward Health Ventures
94% goes to programs Thin reserves Growing revenue
Edward Health Ventures is a 501(c)(3) organization based in Arlington Hts, Illinois, registered in 1988, with $187,642,626 in FY2024 revenue. CharityIndex grades it C+, and it directs about 94% of spending to programs.
3040 W Salt Creek Ln, Arlington Hts, IL, 60005 EIN 58-1672987 Since 1988
Revenue (FY2024)
$187.6M
▲ 6.4% vs prior year
Health median: $840K
Expenses (FY2024)
$273.0M
Net assets
-$32.4M
Employees
1,838
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating94% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Edward Health Ventures: 94% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -45% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Edward Health Ventures: 0 mo reserves · -45% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Edward Health Ventures: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Edward Health Ventures: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Edward health ventures follows the mission of endeavor health to "help everyone in our communities be their best."
What they do
Edward health ventures provides access to medical services at convenient locations by operating medical office buildings in naperville, plainfield, bolingbrook, oswego and elmhurst. it has approximately 30 medical office tenants including a number of edward hospital programs. the expansion of the edward plainfield campus includes offering physician and other related health care services including medical oncology from edward cancer center, edward perinatology center, edward hospital physical therapists and behavioral health professionals from linden oaks medical group and independent specialists, including pediatricians, cardiologists, obstetricians, gynecologists, allergists, ophthalmologists, and primary care physicians.
Edward health ventures invests in joint ventures.
Contact & location
- Address
- 3040 W Salt Creek Ln, Arlington Hts, IL, 60005
- City
- Arlington Hts
- State
- Illinois
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $80.4M (FY2013) to $187.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $187.4MNet assets -$32.4M
Operating margin
-45.5%
Spent more than it raised in the latest fiscal year.
Total assets
$155.0M
Total liabilities
$187.4M
Net assets
-$32.4M
Salaries & benefits
$216.7M
79% of expenses
Board members
15
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $187,642,626▲6.4% | $272,967,018▲13.0% | -$32,426,368▼166% | $155,018,300▲19.5% | 990 |
| 2023 | $176,361,106▲12.2% | $241,614,133▼3.3% | $49,104,998▼24.9% | $129,745,697▼1.7% | 990 |
| 2022 | $157,125,664▲118% | $249,827,544▲109% | $65,376,916▲0.5% | $131,953,780▼3.0% | 990 |
| 2021 | $72,129,789▼49.4% | $119,604,905▼46.0% | $65,048,702▲27.9% | $136,057,032▲9.0% | 990 |
| 2020 | $142,674,210▲16.2% | $221,462,486▼1.1% | $50,855,413▼14.2% | $124,858,655▲23.6% | 990 |
| 2019 | $122,829,391▲3.5% | $223,878,680▲28.5% | $59,287,941▼29.4% | $101,022,124▼19.9% | 990 |
| 2018 | $118,697,480▼16.1% | $174,243,567▲4.3% | $83,953,400▼12.2% | $126,167,699▼7.8% | 990 |
| 2017 | $141,443,819▲14.3% | $167,095,125▲11.7% | $95,637,218▼3.3% | $136,770,897▼2.3% | 990 |
| 2016 | $123,764,981▲18.5% | $149,582,086▲22.8% | $98,864,602▲102% | $140,045,738▲55.7% | 990 |
| 2015 | $104,404,128▲20.3% | $121,782,286▲16.1% | $48,962,178▼9.8% | $89,930,533▼0.1% | 990 |
| 2014 | $86,759,969▲7.9% | $104,877,819▲22.5% | $54,289,196▼20.3% | $90,042,854▼13.0% | 990 |
| 2013 | $80,437,404 | $85,615,420▲24.4% | $68,133,763▼33.3% | $103,502,785▼23.8% | 990 |
| 2012 | — | $68,817,520▲5.6% | $102,111,058▲6.8% | $135,785,181▲5.3% | 990 |
| 2011 | — | $65,158,571▲12.3% | $95,607,129▲1.2% | $128,894,231▲1.2% | 990 |
| 2010 | — | $58,014,674▲6.6% | $94,488,668▲1.8% | $127,398,541▲1.5% | 990 |
| 2009 | — | $54,421,113 | $92,836,790 | $125,564,958 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Zahab Ahsan — $1,866,825 (0.68% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Zahab Ahsan | Physician | 40 | $1,866,825 |
| Lucio Pavone | Physician | 40 | $1,418,156 |
| Minh Luu | Physician | 40 | $1,342,546 |
| Christine Gresik | Physician | 40 | $1,299,468 |
| Feras Bankosly | Physician | 40 | $1,223,586 |
| Walter Whang | Trustee | 40 | $562,924 |
| Michael T Hoffman | Trustee | 40 | $530,929 |
| Adam Schriedel | Trustee (until 6/30/24) | 40 | $506,466 |
| Mark Gomez | Trustee | 40 | $420,981 |
| Katie Mcgovern | Svp, Medical Group Operations | 40 | $417,820 |
| Brad Cutler | Trustee | 40 | $403,007 |
| John Klosowski | Former Key Employee | 40 | $255,120 |
| Kristi Devalk-caswick | Former Key Employee | 40 | $228,065 |
| Jennifer Enright | Former Key Employee | 40 | $175,204 |
| Arvind Ramanathan | Former Key Employee | 0 | — |
| Chris J Mollet | Former Officer | 0 | — |
| Daniel Sullivan | Former Key Employee | 0 | — |
| David Morrissey | Trustee (until 6/30/24) | 1 | — |
| Denise Chamberlain | Former Officer | 0 | — |
| Douglas D Welday | System Treasurer and Cfo | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Michuda Construction Inc | Construction Svcs | $4,391,022 |
| Northwesterm Medical Group | Medical Services | $1,618,500 |
| Ryan Companies Us Inc | General Contractor Svcs | $1,359,591 |
| Jericho Services | Janitorial Services | $1,115,251 |
| Elmhurst Anesthesiologists PC | Anesthesia Services | $1,011,592 |
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Frequently asked questions
- Is Edward Health Ventures a legitimate nonprofit?
- Yes. Edward Health Ventures is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1672987, based in Arlington Hts, Illinois. Donations are tax-deductible.
- What is Edward Health Ventures's EIN?
- Edward Health Ventures's Employer Identification Number (EIN) is 58-1672987.
- How much revenue does Edward Health Ventures report?
- Edward Health Ventures reported $187,642,626 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Edward Health Ventures's spending goes to programs?
- Edward Health Ventures spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Edward Health Ventures have?
- CharityIndex grades Edward Health Ventures C+, based on program efficiency and fundraising cost.
- How much does Edward Health Ventures's highest-paid employee make?
- The highest reported compensation on Edward Health Ventures's latest Form 990 is $1,866,825, paid to Zahab Ahsan (Physician).
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Data for Edward Health Ventures (EIN 58-1672987) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.